Richard D. Wolff

I recently watched the Aug 11 episode of Democracy at Work, which had a short analysis of the $3B Wisconsin subsidies for Foxconn. The $3B subsidy is over a 15 year period so the number of ($50k/yr plus 30% benefits) jobs that this $3B would provide is only around 3,000. Still I think a solid argument, but not has large as indicated in the analysis in the video. Foxconn claims ultimately 13K jobs, but direct investment by Wisconsin into needed areas of infrastructure improvement alone would be a much more productive use of $3B and would probably produce indirect supporting jobs as well. Plus I doubt that the ecological and environmental impacts that Foxconn will produce as well as other externalities are calculated in the business case (Wisconsin and/or other states and countries will pay for that damage).